- Dreadnought Resources (DRE) has begun a nine-hole reverse circulation (RC) drilling program at the Rocky Dam Gold-VMS Project in WA
- This drilling program will follow up on shallow intercepts that intersected up to 1.7 grammes per tonne gold
- Drilling is expected to be completed in mid-July and results are expected in August
- Dreadnought also provided a response to a recent price query after its shares jumped from 0.7 cents on July 7 to 0.95 on July 9
- The company claimed it did not know why its share price jumped so drastically
- Dreadnought has ended the day 12.5 per cent in the green with shares trading for 0.9 cents each
Dreadnought Resources (DRE) has begun a nine-hole reverse circulation (RC) drilling program at the Rocky Dam Gold-VMS Project.
Rocky Dam is located 45 kilometres east of Kalgoorlie in the Eastern Goldfields Superterrane of Western Australia.
The project is prospective for gold deposits and copper-zinc volcanic massive sulphide (VMS) mineralisation.
This RC program will follow up on shallow oxide intercepts of up to 45 metres at 0.6g/t gold from 18 metres including nine metres 1.7g/t gold from the CRA-North anomaly.
The initial focus will test a 200-metre-long strike of previous intercepts and a large soil anomaly.
Additionally, this program will test for a west-dipping lode which was identified in a previous program.
Drilling is expected to be completed in mid-July and results are expected in August.
“Dreadnought is excited to be back out at Rocky Dam to follow up on our encouraging shallow oxide intercepts,” Managing Director Dean Tuck said.
“In addition to this program, Dreadnought has results pending from the one metre splits from the previous CRA-North drilling. Assay results from the recent Illaara Gold-VMS will also be released over the coming weeks,” he added.
Dreadnought also provided a response to a recent price query after its shares jumped from 0.7 cents on July 7 to 0.95 on July 9.
The company claimed it did not know why its share price jumped so drastically.
Dreadnought has ended the day 12.5 per cent in the green with shares trading for 0.9 cents each in a $15.13 million market cap.